Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate under USMCA/CAFTA-DR
0%
Applicable under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) if the product meets rules of origin requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Costa Rica Trade Agreement Boosts Wire Imports
A recent bilateral trade agreement has facilitated increased imports of wire products with diameters between 0.25 mm and 0.76 mm (HS Code: 7217.30) from Costa Rica to the United States, reducing tariffs by 5%.
2023-10-15
Impact: This reduction in tariffs is expected to increase the volume of wire imports from Costa Rica, benefiting US manufacturers with lower input costs while supporting Costa Rican exporters.
Costa Rican Wire Exports to US Face Quality Standards Review
The US Department of Commerce initiated a review of quality standards for wire products (HS Code: 7217.30) imported from Costa Rica, focusing on compliance with safety and durability regulations.
2023-09-22
Impact: Pending the review outcome, trade could face temporary delays or restrictions if non-compliance is found, potentially affecting Costa Rican exporters.
US Demand for Costa Rican Wire Surges Amid Construction Boom
A spike in US construction projects has driven demand for specialized wire (HS Code: 7217.30) from Costa Rica, with exports rising by 12% in the last quarter.
2023-08-10
Impact: This surge strengthens trade ties, increasing revenue for Costa Rican suppliers and supporting US construction timelines with steady supply.
Policy Updates
US-Costa Rica CAFTA-DR Tariff Adjustment
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on wire products (HS Code: 7217.30) with diameters of 0.25 mm to 0.76 mm have been reduced by an additional 2% for Costa Rican exports to the US, effective immediately.
Date: 2023-10-01
US Import Compliance Checks Tightened
The US Customs and Border Protection agency announced stricter compliance checks for imported wire products (HS Code: 7217.30), including those from Costa Rica, to ensure adherence to material safety standards.
